the overall level of taxes implied in the Italian public pension scheme is rather high ... in the Italian case until individuals are faced with lower life-time taxrates as a result ... to our earlier results. In the pre-1992 case, implicittaxrates are extremely low

by the employer –the private employees’ scheme (called FPLD, “Fondo Pensioni Lavoratori ... (Prodi), which re-shaped the Italian system in an attempt to provide a progressive stabilization of the pension expenditure over the GDP, and hence to ensure ...italy